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4 Nov 2025 12:15
4 November 2025
KIER GROUP PLC
Notifications of transactions by persons discharging managerial responsibilities
Kier Group plc ("Kier" and the "Company") announces that:
i) on 31 October 2025, Ordinary shares of 1p each in the capital of the Company ("Shares") held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022 (the "Deferred Bonus") were released to certain Persons Discharging Managerial Responsibilities ("PDMRs"); in the case of Mr Andrew Davies, all Shares held by the Trustee in connection with the Company's bonus arrangements were released to him, due to the cessation of his employment on his retirement as Chief Executive. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust (the "Trustee"); and
ii) on 3 November 2025, Mr Stuart Togwell, PDMR, was granted share awards under the Kier Group plc 2020 Long-Term Incentive Plan (the "LTIP") (the "Awards"), in addition to, and on the same terms as, the awards granted to Mr Togwell under the LTIP on 13 October 2025 (the "October Awards"). The Awards were made to reflect Mr Togwell's appointment as Chief Executive from 1 November 2025. The Awards were made at no cost to Mr Togwell and will only vest to the extent that certain performance conditions are satisfied by the Company over a three-year performance period which runs from 1 July 2025 to 30 June 2028. The performance conditions relating to the Awards can be found on page 109 of the 2025 Annual Report and Accounts. The price used for the purpose of calculating the Awards was 204.5 pence per Share, being the average three-month Share price prior the date of grant of the October Awards.
Details of these transactions are set out in the table below.
PDMR | Number of shares released under the Deferred Bonus on 31 October 2025 | Number of Awards granted under the LTIP on 3 November 2025 |
Mr S J Togwell1 | 50,891 | 198,582 |
Mr S J Kesterton1 | 138,761 | - |
Mr AOB Davies | 580,692 | - |
Mr A W Bradshaw | 19,277 | - |
Mr G Incutti | 34,718 | - |
Mr L P Thomas | 37,913 | - |
1 Following the acquisition of these Shares, Mr Togwell and Mr Kesterton will own 878,157 and 2,020,477 Shares, representing 0.20% and 0.45% of the Company's issued share capital, respectively.
The following notifications are made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Jaime Tham
Company Secretary
07801 975672
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Stuart Togwell | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief Executive | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
50,891 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Stuart Togwell | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief Executive | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Grant of award over ordinary shares under the Kier Group plc 2020 Long-Term Incentive Plan for nil consideration | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
198,582 shares Nil | |||||
e) | Date of the transaction | 2025-11-03 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Simon Kesterton | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Chief Financial Officer | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
138,761 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Andrew Davies | |||||
2 | Reason for the notification | ||||||
a) | Position / status | PDMR | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial years ended 30 June 2022, 30 June 2023 and 30 June 2024. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
580,692 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Andrew Bradshaw | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Natural Resources, Nuclear & Networks | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
19,277 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Giuseppe Incutti | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Transportation | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
34,718 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Leigh Thomas | |||||
2 | Reason for the notification | ||||||
a) | Position / status | Group Managing Director - Property | |||||
b) | Initial notification / Amendment | Initial notification | |||||
3 | Details of issuer | ||||||
a) | Name | Kier Group plc | |||||
b) | LEI | 2138002RKCU2OM4Y7O48 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares in Kier Group plc
GB0004915632 | |||||
b) | Nature of the transaction
| Release of shares held on trust in connection with the Company's bonus arrangements for the financial year ended 30 June 2022. Prior to their release, legal title to the shares was held by the Trustee of the Kier Group 1999 Employee Benefit Trust. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price |
37,913 shares Nil
| |||||
e) | Date and time of the transaction | 2025-10-31 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
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